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Wednesday 16 August 2017

2018 Appropriation Draft Bill Banks on 3.2% Economic Growth : Head of Government

Vocal synthesis

The 2018 Appropriation Draft Bill is banking on a growth rate of the gross domestic product (GDP) of 3.2% against 2.9% in 2017, Head of Government, Saad Eddine El Othmani, said in a guideline note.

The forecast confirm the acceleration of the pace of structural reforms and the implementation of different sectoral strategies that have led to a deep change in the national economic structure, focusing, in particular, on new professions, he pointed out.

The 2018 Appropriation draft bill also seeks to control the budget deficit at 3 pc, he added.

"If Morocco has succeeded in reducing its budget deficit from 7.2% in 2012 to 4.1% in 2016, it is necessary to continue on this momentum in order to reduce the debt ratio to less than 60 pc by 2021," he said.

MAP 16 August 2017

Ministry of Culture and Communication
-- Department of Communication --